this post was submitted on 09 May 2025
45 points (100.0% liked)

Economics

804 readers
47 users here now

founded 2 years ago
45
Trump cuts tariff on UK cars; American carmakers not happy about it (arstechnica.com)
submitted 3 days ago by MicroWave@lemmy.world to c/economics@lemmy.world
4 comments fedilink hide all child comments
 

The UK is allowed to export 100,000 cars a year to the US at the lower rate.

The British car industry got a big break from Donald Trump yesterday afternoon. Trump and UK Prime Minister Kier Starmer have agreed to a bilateral trade agreement that cuts tariffs on a range of imports from the UK, including pharmaceuticals, aluminum and steel, and cars.

Now, the first 100,000 cars that come to the US from the UK will only be subject to a 10 percent tariff rather than the 27.5 percent they have been under since the start of this trade war in April.

Not everyone is as pleased as the UK car industry, however. The big three in Detroit—Ford, General Motors, and Stellantis—are upset that mostly luxury cars from Britain get a break while they have no relief on the cars they build abroad for sale here in the US.

top 4 comments
sorted by: hot top controversial new old
[–] GandalftheBlack@feddit.org 10 points 3 days ago

Fahrt of the deal

[–] shawn1122@lemm.ee 8 points 3 days ago* (last edited 3 days ago)

Good they should pressure their government for a similar exemption on cars they make in Canada and Mexico.

🥭 is less a dealmaker and moreso someone that wants to appear as a dealmaker.

[–] PhatalFlaw@lemmy.world 7 points 3 days ago

This primarily benefits the wealthy, so it makes a lot of sense.

[–] Archangel1313@lemm.ee 3 points 3 days ago

Lol! "America First" clearly doesn't mean the same thing to Trump, that it does to the rest of us.